2023-08-03 06:50:40 ET
- Nokia announced the manufacturing of fiber-optic broadband network electronics products and optical modules in the U.S. for use in the Broadband Equity, Access, and Deployment program.
- Nokia said it will partner with Sanmina Corporation ( SANM ) to manufacture products at the Sanmina Pleasant Prairie facility in Kenosha County, Wisconsin.
- Manufacturing of Nokia’s fiber-optic broadband electronics products is expected to start in 2024.
- The scale of Nokia's fiber-optic broadband electronic production is expected to bring up to 200 new jobs in Wisconsin.
- NOK -1.8% premarket to $3.87
- Source: Press Release
For further details see:
Nokia to manufacture broadband network electronics products for the U.S. BEAD program